The Forbes Advisor editorial team is independent and objective. Related: Credit Cards That Complement the Chase Freedom Flex Advanced points and miles players will likely combine those earnings with a premium Chase Ultimate Rewards®-earning card like the Chase Sapphire Reserve®, the Chase Sapphire Preferred® Card or the Ink Business Preferred® Credit Card where those rewards could be worth up to 25% to 50% more if used to book travel through the Ultimate Rewards portal, used to Pay Yourself Back or transferred to hotel and airline partners. For a card with no annual fee, that’s a great value. Of course, you should never buy things you don’t need simply to earn rewards and there is likely to be a time when the categories for a particular quarter simply won’t match up with your spending habits.īut when you can hit that $1,500 spending cap, you’ll earn $75 that quarter for your efforts-meaning it’s possible to earn a maximum of $300 for the year just on the 5% categories. Select Live Entertainment (excluding bowling alleys, movie theaters and gambling facilities), and Gas Stations and EV Charging (excluding truck stops, marinas and oil distribution)Įarning cash back on a no-annual-fee credit card is a terrific money-saver-5% cash back sure beats 1% cash back. Grocery Stores, Drug Stores and Select Streaming Services. Grocery Stores (excluding Walmart® and Target®) and Fitness Clubs & Gym Memberships Plus, earn unlimited 1% cash back on all other purchases – automatically If you’re spending above your means just to maximize the quarterly bonus categories, you’ll pay far more in interest than the value of any rewards earned.ĥ% cash back on up to $1,500 in categories that rotate quarterly (requires activation), 5% on travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstores and 1% on all other purchasesĥ% cash back on everyday purchases at different places each quarter up to a quarterly maximum of $1,500 in spending when activated. It’s important to know that it only makes sense to maximize the bonus categories if you can pay your credit card in full and on time every month. Or, if you have the storage space, max out that $1,500 cap buying household staples like paper towels, toilet paper and cleaning products for the year. So you might want to put a few bucks on a gift card to cover your next night out to dinner or a gift for a special occasion. Perhaps fulfill some of your shopping needs with the bonus categories in ways you may not normally have considered.įor example, if the bonus categories include grocery stores, many supermarkets will typically sell gift cards to places like Amazon, restaurant chains and retail stores. If your spending doesn’t align well with the eligible 5% spending categories, it’s time to think outside the box. Now that you’ve activated the 5% bonus categories, it’s time to go shopping. In the case of the Chase Freedom Flex, only the first $1,500 spent in the bonus categories earns the 5% cash back. On the first day of each quarter, be sure to activate rewards by logging into Chase’s app or website and following the instructions.
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